Welcome to this week’s edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.
This week’s Black Book Market Insights report looks at a handful of car segments that have continued to increase in value this spring, with particular emphasis on smaller car and sporty car segments as of late. The report also takes a look at the latest trends in incentives, showing how incentives on compact cars are higher than the industry average currently.
“Broad market strength seen last week across most car and truck segments. Luxury segments are largely sitting out the extended spring rally this year,” said Anil Goyal, Executive Vice President, Operations.
- Volume-weighted, overall car segment values increased by 0.24% last week. In comparison, the values had increased on average by 0.23% per week in the previous four weeks.
- In cars, the Mid-Size Car and Sporty Car segments increased the most in value last week.
- Volume-weighted, overall truck segment (including pickups, SUVs, and vans) values decreased by just 0.06% last week. In comparison, the values had decreased on average by 0.13% per week in the previous four weeks.
- In trucks, the Compact Luxury Crossover/SUV and Mid-Size Luxury Crossover/SUV segments decreased the most in value last week.
Author: Black Book
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